đšXRPâs Potential Climb to $0.91 as Per Analystâs Predictionđ§
Next XRP ETF in case if it will get approved do you believe XRP can become second ETF approved Crypto currency
Analystâs Optimistic Price Targets for XRP
Although the market sentiment for XRP appears bearish following its struggle with the SEC and negative derivative data trends, Dark Defenderâs comments suggest a potential turnaround. The analystâs forecasts have been consistent, indicating a strong belief in XRPâs upward trajectory, even pointing to a possible peak of $1.88 in the third wave of price targets.
On February 17, Dark Defender noted that XRP had approached the orange resistance zone on the daily chart, hinting at crucial short-term support levels. They have proposed that if the second wave is corrective in nature, the bottom could range between $0.5198 and $0.5066. Furthermore, surpassing the daily Ichimoku Clouds could herald a bullish period for XRP, targeting successive levels at $0.6649, $0.7707, and $0.9191.
Current Market Dynamics and XRPâs Performance
At the time of reporting, XRP has seen a 4.77% decline within 24 hours, trading at $0.5400. This fall follows a brief surge past $0.5, which has now been negated due to market volatility. The price drop aligns with Brad Garlinghouseâs comments on a prospective XRP ETF that initially spurred positive expectations.
The recent downturn has also contributed to significant liquidations across the cryptocurrency landscape, with $300 million worth of positions being wiped out in a day, impacting the altcoin market and XRPâs valuation.
